Pershing Square Capital Management — HHH

How Pershing Square Capital Management's position in Howard Hughes Holdings Inc. changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	18,852,064	$1,192,581,569	8.7%	—
Q4 2025	18,852,064	$1,503,829,145	9.69%	NEW